European development bank to share climate-related financial exposures

25 May 18

The European Bank of Reconstruction and Development will share its climate-related financial information in its investments for the first time this year.

As part of its commitment to promote financial stability in the face of uncertainty caused by climate change, the bank said it would from 2018 share both the risks and opportunities of its climate-related financial exposures.

This includes sharing how much of the bank’s work is in clean, renewable energy, such as wind or solar power, as well as how much is invested in assets that may be affected by the impacts of climate change, such as hydropower plants or ports.

The EBRD commitment was made in the , launched at the Bank’s Annual Meeting in Jordan last week.

The commitment is in line with the recommendations of the Task Force on Climate-Related Financial Disclosures.

The European bank, as well as other development banks, already report on how much is spent for reducing mitigation and coping with the impact of climate change.

Since 2006, the bank has invested about €25bn in projects under its Green Economy Transition approach.

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